Pinnacle Amends Merger Agreement with Aztar - Thursday 20th of April 2006

LAS VEGAS – Pinnacle Entertainment, Inc. (NYSE: PNK) today announced that its Board of Directors has unanimously approved an increase in the per-share price under the Company's merger agreement to acquire all of the outstanding common shares of Aztar Corporation (NYSE: AZR) to $43.00 per share in cash. The purchase price for each share of Aztar Series B preferred stock has been increased to $454.79 in cash. The fully financed transaction includes approximately $1.65 billion in equity on a fully diluted basis and the refinancing of all of Aztar's outstanding indebtedness.

As announced on March 13, 2006, Pinnacle and Aztar entered into a definitive merger agreement under which Pinnacle would acquire all of the outstanding common shares of Aztar for $38.00 per share in cash. In raising the proposed merger price to $43.00 per share, Pinnacle exercised its right under the merger agreement to respond to a third-party proposal.

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